Suburb Profile Report for Greenvale VIC (3059)

Greenvale House: Median price $559,000, Annual capital growth 3.31%, Number of sales 252, Weekly median advertised rent $430

Greenvale Unit: Median price $407,500, Annual capital growth 0.42%, Number of sales 12, Weekly median advertised rent $358

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Greenvale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.61%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Greenvale has fallen somewhat when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Greenvale itself are offering an average vendor discount of -15.79% to real estate investors.

With the median price for a house in Greenvale being $559000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.00%

Greenvale has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.17% to date .

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

HOUSE UNIT
$559,000 $407,500
1.64% -0.37%
9.61% 5.17%
3.31% 0.42%
$430 $358
252 12
4.00% 4.56%
96.04 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 11968
Median household income ($/weekly) 1729
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 3.5
  • Census Count Percent(%)
    5-14 years 1889 15.8
    15-19 years 1205 10.1
    35-44 years 1757 14.7
    45-54 years 2171 18.1
    55-64 years 1347 11.3
    Others 3599 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 5487 60.2
    Not Married 3325 36.5
    Defacto Relationship 308 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8037 69.1
    Ireland 290 2.5
    Japan 739 6.4
    Turkey 352 3.0
    Other 567 4.9
    Others 1639 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 170 1.5
    Christianity 8981 78.1
    Hinduism 126 1.1
    Islam 1396 12.1
    No Religion 801 7.0
    Others 29 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 241 8.2
    $1,250-$1,499 273 9.3
    $1,500-$1,999 496 16.9
    $2,000-$2,499 371 12.6
    $2,500-$2,999 322 11.0
    Others 1233 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3862 41.8
    Not in the labour force 2798 30.3
    Employed, worked part-time 1927 20.8
    Employed, away from work 394 4.3
    Unemployed, looking for work 265 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 870 14.1
    Professionals 905 14.6
    Technicians & trades workers 1006 16.3
    Clerical & administrative workers 1120 18.1
    Sales 809 13.1
    Others 1475 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 199 5.8
    Infants/Primary 1128 32.9
    Secondary 1221 35.6
    Technical or Further Educational Institution 260 7.6
    University or other Tertiary Institutions 538 15.7
    Others 79 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11457 97.8
    Semi-detached, row or terrace house, townhouse 208 1.8
    Flat, unit or apartment 51 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1703 51.4
    Fully owned 1406 42.4
    Rented 192 5.8
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals